MADDE, a 3D printing startup spun off from Hyundai Motor Company, has secured KRW 11 billion (approximately $8.2 million) in Series A funding. The investment round was participated in by DSC Investment, Schmidt, Atnum Investment, Company K Partners, Intervest, and Hyundai Motor Securities.
MADDE specializes in manufacturing high-performance parts used in semiconductor equipment, aerospace, and small nuclear reactors using advanced 3D printing technology. The company has gained recognition for its expertise in producing silicon carbide (SiC)-based components, which are in high demand in both domestic and international manufacturing industries.
The company plans to use this investment to expand its production facilities for silicon carbide components and focus on domestic and international marketing efforts to develop new sales channels.
